Markets
Farmers around the world didn’t back away from planting peas despite losing the top market for the crop. APK Inform is anticipating another big harvest and export program from the Black Sea region in 2018-19. It estimates that farmers in Russia will plant 3.27 million acres of the crop, which is identical to last year. […] Read more
Markets
Is it better to lock in a small loss?
DES MOINES, Iowa — Arlen Zuhlke didn’t like what pork market analyst Steve Meyer had just finished saying. But the Nebraska farmer appreciated having a chance to think through the next couple years of likely profitability before stumbling into them. “At the age I’m at, you don’t need to go through another 12 months of […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$56.72 per cwt. June 8 up from $51.61 June 1. U.S. hogs averaged $76.48 on a carcass basis June 8, up from $69.33 June 1. The U.S. pork cutout was $79.47 per cwt. June 8, up from $76.32 June 1. The estimated U.S. […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Strong fed basis The big news this year is the continuing strong cash to futures basis levels […] Read more
Canola dips again
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Wednesday, taking some direction from a downturn in Chicago Board of Trade soybeans. Bearish technical signals contributed to the declines, with some stops hit on the way down as prices dipped below nearby support. Relatively favourable North American crop conditions also weighed […] Read more
Canada’s blunt objections to U.S. tariffs leave dairy questions
Canada and the United States are on the precipice of an international trade war and this country’s dairy industry is being pushed closer and closer to the edge. Trump and his staff launched a blistering, personal attack against Prime Minister Justin Trudeau this weekend after he left the G7 meeting in Quebec’s pristine Charlevoix region. […] Read more
Projection of lower corn, soy stockpiles helps canola
Winnipeg (CNS Canada) – The ICE Futures Canada canola market finished slightly higher Tuesday, following the release of the USDA’s supply and demand estimates. The USDA projected lower stockpiles of U.S. corn and soybeans, which was supportive for canola. Recent weakness in the Canadian dollar helped prop up canola as it made the commodity more […] Read more
Soybean prices drag canola down
Winnipeg (CNS Canada) – The ICE Futures Canada canola market ended lower on Friday, once again weighed down by losses in the U.S. soy complex. It was the fourth consecutive session that canola futures finished the day lower. Modest strength in the Canadian dollar was bearish for canola and the technical bias was pointed lower. […] Read more
Canola, soybeans finish lower
Winnipeg (CNS Canada) – Canola contracts on the ICE Futures Canada platform recorded losses Thursday, following a downturn in soybeans on the Chicago Board of Trade. Losses in vegetable oil markets also weighed on the canola. The ongoing trade saga between the United States and China cast uncertainty in the market, which spooked some investors. […] Read more
Durum demand lackluster
Durum demand could be as soggy as a wet spaghetti noodle this year based on good crop conditions in key growing regions. “We needed a year where there was a pretty good downturn in North Africa,” said Jim Peterson, policy and marketing director with the North Dakota Wheat Commission. “And at least the early projections […] Read more
